{"id":47071,"date":"2026-02-25T20:48:44","date_gmt":"2026-02-25T15:18:44","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=47071"},"modified":"2026-02-25T20:48:46","modified_gmt":"2026-02-25T15:18:46","slug":"india-merchandise-trade-indices-revision","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/","title":{"rendered":"India Merchandise Trade Indices Revision 2022-23: Base Year Update Explained for UPSC &#038; Government Exams"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#India_Merchandise_Trade_Indices_Revision_2022-23_explained_in_detail_for_UPSC_PCS_Banking_and_SSC_exams_Understand_base_year_changes_DGCI_S_role_terms_of_trade_and_key_exam_takeaways_in_simple_language\" >India Merchandise Trade Indices Revision 2022-23 explained in detail for UPSC, PCS, Banking and SSC exams. Understand base year changes, DGCI&amp;S role, terms of trade, and key exam takeaways in simple language.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#%F0%9F%93%9D_What_Are_Merchandise_Trade_Indices\" >\ud83d\udcdd What Are Merchandise Trade Indices?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#%F0%9F%94%8D_Why_the_Revision_Was_Needed\" >\ud83d\udd0d Why the Revision Was Needed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#%F0%9F%93%8A_Key_Features_of_the_Revised_Trade_Indices\" >\ud83d\udcca Key Features of the Revised Trade Indices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#%F0%9F%93%8D_How_This_Benefits_Stakeholders\" >\ud83d\udccd How This Benefits Stakeholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#%F0%9F%A7%A0_Comparison_With_Other_Statistical_Revisions\" >\ud83e\udde0 Comparison With Other Statistical Revisions<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#%F0%9F%93%9A_Why_This_News_Matters_for_Government_Exams\" >\ud83d\udcda Why This News Matters for Government Exams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#%F0%9F%95%B0%EF%B8%8F_Historical_Context_Understanding_Base_Year_Revisions_in_India\" >\ud83d\udd70\ufe0f Historical Context: Understanding Base Year Revisions in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#%F0%9F%93%8C_Key_Takeaways_from_India_Revises_Base_Year_of_Merchandise_Trade_Indices_to_2022-23\" >\ud83d\udccc Key Takeaways from India Revises Base Year of Merchandise Trade Indices to 2022-23<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#FAQs_Frequently_Asked_Questions_for_Competitive_Exams\" >FAQs: Frequently Asked Questions for Competitive Exams<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#1_Which_organisation_revised_the_base_year_of_Merchandise_Trade_Indices\" >1) Which organisation revised the base year of Merchandise Trade Indices?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#2_What_is_the_new_base_year_for_Indias_Merchandise_Trade_Indices\" >2) What is the new base year for India\u2019s Merchandise Trade Indices?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#3_What_are_Merchandise_Trade_Indices\" >3) What are Merchandise Trade Indices?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#4_Why_is_revising_the_base_year_important\" >4) Why is revising the base year important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#5_What_is_meant_by_%E2%80%9CTerms_of_Trade%E2%80%9D\" >5) What is meant by \u201cTerms of Trade\u201d?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#6_How_often_are_base_years_revised_in_India\" >6) How often are base years revised in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#7_Which_classifications_are_used_in_the_revised_trade_indices\" >7) Which classifications are used in the revised trade indices?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#8_Why_is_this_topic_important_for_UPSC_and_State_PCS_exams\" >8) Why is this topic important for UPSC and State PCS exams?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#9_How_does_this_revision_help_policymakers\" >9) How does this revision help policymakers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#10_Is_this_related_to_Indias_broader_statistical_reforms\" >10) Is this related to India\u2019s broader statistical reforms?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/india-merchandise-trade-indices-revision\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"India_Merchandise_Trade_Indices_Revision_2022-23_explained_in_detail_for_UPSC_PCS_Banking_and_SSC_exams_Understand_base_year_changes_DGCI_S_role_terms_of_trade_and_key_exam_takeaways_in_simple_language\"><\/span><strong>India Merchandise Trade Indices Revision 2022-23 explained in detail for UPSC, PCS, Banking and SSC exams.<\/strong> Understand base year changes, DGCI&amp;S role, terms of trade, and key exam takeaways in simple language.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>India Revises Base Year of Merchandise Trade Indices to 2022-23<\/strong><\/p>\n\n\n\n<p>The Government of India has recently revised the <strong>base year of the country\u2019s Merchandise Trade Indices<\/strong> from <strong>2012\u201313 to 2022\u201323<\/strong>. This update was officially announced on <strong>20 February 2026<\/strong> by the <strong>Directorate General of Commercial Intelligence and Statistics (DGCI&amp;S)<\/strong> under the Ministry of Commerce and Industry. The base year revision is a key statistical exercise aimed at enhancing the <strong>accuracy, relevance, and analytical value of trade data<\/strong> used for policymaking, economic analysis, and research.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%93%9D_What_Are_Merchandise_Trade_Indices\"><\/span>\ud83d\udcdd What Are Merchandise Trade Indices?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Merchandise Trade Indices are statistical measures that track the <strong>price and volume of goods exported and imported<\/strong> by a country. These indices help in understanding <strong>trade trends<\/strong>, comparing performance over time, and analyzing shifts in the <strong>composition of trade items<\/strong>. The base year serves as a reference point (index = 100) against which future changes are measured.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%94%8D_Why_the_Revision_Was_Needed\"><\/span>\ud83d\udd0d Why the Revision Was Needed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>India\u2019s economy has undergone <strong>significant structural changes<\/strong> since 2012-13, driven by shifts in global trade patterns, emerging export sectors, new trading partnerships, and changes in commodity composition. The old base year no longer reflected these evolving realities effectively. Revising the base year to 2022-23 ensures that the trade indices more accurately represent <strong>present-day external trade dynamics<\/strong> and economic conditions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%93%8A_Key_Features_of_the_Revised_Trade_Indices\"><\/span>\ud83d\udcca Key Features of the Revised Trade Indices<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Under the new base year:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The weighting of commodities has been updated to reflect the <strong>latest trade values<\/strong>.<\/li>\n\n\n\n<li>The indices now cover <strong>monthly, quarterly, and annual data<\/strong> series.<\/li>\n\n\n\n<li>Trade is broken down by <strong>Principal Commodity (PC)<\/strong> classifications, <strong>Standard International Trade Classification (SITC)<\/strong> codes, and <strong>Broad Economic Categories (BEC)<\/strong>.<\/li>\n\n\n\n<li>It includes <strong>bilateral and regional trade indices<\/strong> with India\u2019s major trading partners.<\/li>\n\n\n\n<li>Enhanced <strong>Terms of Trade (ToT)<\/strong> measures (Gross, Net, Income ToT) help assess international competitiveness.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%93%8D_How_This_Benefits_Stakeholders\"><\/span>\ud83d\udccd How This Benefits Stakeholders<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This revision enhances the <strong>analytical power of trade data<\/strong> for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Policymakers and government agencies<\/strong> deciding trade and industrial policy.<\/li>\n\n\n\n<li><strong>Economists and researchers<\/strong> studying international commerce and economic trends.<\/li>\n\n\n\n<li><strong>Industry stakeholders<\/strong> evaluating export-import performance and competitiveness.<br>By realigning the index with contemporary trade patterns, data interpretation becomes more robust and meaningful.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%A7%A0_Comparison_With_Other_Statistical_Revisions\"><\/span>\ud83e\udde0 Comparison With Other Statistical Revisions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This update aligns with broader statistical reforms taking place in India \u2014 such as the revision of <strong>GDP, CPI (Consumer Price Index), and IIP (Index of Industrial Production) base years<\/strong> \u2014 to ensure uniformity and greater relevance across key economic indicators.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\" id=\"India-merchandise-trade-indices-revision\"><img decoding=\"async\" src=\"data:image\/jpeg;base64,\/9j\/4AAQSkZJRgABAQAAAQABAAD\/2wCEAAkGBxMTEhUTExMWFhUWFxgaGBcYGBsaGBoZIBgbHh0YGhsYHSggGh4lHRgaITEhJSkrLi4uGB8zODMtNygtLisBCgoKDg0OGxAQGy0lICYyLy8vLy8vLS01LS8tLy0vLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLf\/AABEIAKgBLAMBEQACEQEDEQH\/xAAbAAACAwEBAQAAAAAAAAAAAAAEBQIDBgEAB\/\/EAEQQAAIBAgQDBgMGAgkDAwUAAAECEQADBBIhMQVBUQYTImFxgTKRoRRCUrHB8CPRFTNicpKisuHxBySCQ3PCFoOTo+L\/xAAaAQACAwEBAAAAAAAAAAAAAAADBAECBQAG\/8QANxEAAQQABAMGBgIBBQADAQAAAQACAxEEEiExE0FRBWFxgZHwFCKhscHR4fEyFSMzQpIkUmJD\/9oADAMBAAIRAxEAPwDerfjcRWPmrda1XsiFuqedWsKtFTDDqKlQpC4vUVbRRqvZx1qNFOqg1yotSoG61Ra6lUbz\/sVNhRRUhdbnXWuoqQun9mutdS8b7Dl9RXCl2qqOMcfdq9BRqurxE8x9DXZV2q4\/FB6e1WEZVSVQ\/GulEEKoXoW5xh+WlEEIQzIVD+k2O76VbhDooznmVRdxnPNPtRGs7lQuHVVf0h+4FW4ZVOIAoniXlXcIruMFU+PmrcNQZQojGL1qeGV3FYuNjRXcMqDM1V\/ah51OQqvECicX61bIqGRR+0VOVVzrnemppRmXcxqVVc1rl2UrmtcuoqJBrl2UqJQ1ynKq2tmoXUq2SuU5VU1s11rsirKGotTkVbIa5dlKpNs1y7KU0wXatgv8RC7zoQcojz31pKTswF1tND1TsfaYy04WfRN+DccF8kNbKRzzBhHnsZ9AaVxGDMIBBtOYbEie9KTZo5MPlSwvmE1lVbYgj7x9hRQy1QilX\/SRXm1EEJKoXALp40auMMqGQLq8XPlU\/CqOIFL+lPSp+FKjihQbiE1YYZVMwUBi\/WifDlU44XftHr86ngKOMpZ\/WrCJVMq6UY\/eqeGOijOeqj9lJ+99atQHJVNnmoXcMwBywW5BmgE+ZAMfI1NaaBUJrcrG43tYwDJ3cMJUmWhTqNimpBiBseooXGaDR0VsjiLGqb9n8ccRmMQAqciAWIbNBO48PKjxm0FwTRsONpo2U9EEkbWonBV2i7KufYDXWF2Ur32A11hTlXDw89K6wuyFeHDvKozBTw1IcMqC8KeEpjhZqvECsISpDhlRnCtwSpjhlRxFPCU14UaqZVYQKQ4UelRxQrcBS\/ovyqOKpEC9\/RddxV3AXDwyu4ijgqB4bXcRTwlBuHeVRxFPCVZ4cOldxF3CCrbh3lXcRW4QVT8O8qnOo4SoPDvKuzqOElVrCpzBrRLXclmMki\/7Aovh6ojElSZ58x6UGaBzxoUxh8VHG7UefNNLTodAxHrp\/tSrsO4akLRZjInGg5G28GSNNfagkAGkyDeoVo4a3SusKKVZwnpRQ0oDnjqvWsCCYMD3q5sCwEMOaTRKk3DxMDWpaVR4ANBSHDD0q2YKmUqY4X6V2ZRw1bb4VVTIApEVoheDnpVOMFbglWrwc+Vdxwu4Ct\/omNzUccdFPA70oxNp7rFLADQYZyYRTzBbr\/ZWT1y71wxPJoVH4fqUu7S9nFt4S6zEPcgAGPhl1kIuyj5k8yaq+QEG9Srxw0RWgWPGFxFgWruZktOC1snWVKeKF7zWAxiSCfKlGzGKkd8LXr6JZwAyKAZ8Kweoga1ssfYWO+OirLOHymYrnailzPlNohlkaaH9KGG0jGWxooWrChsxBrnAkUFDHNDrKLRLZ309qCWvCYbJGUQuAU6g0EvcN0YBp2XfsAqucq+ULowa9KjMVNBdGFXpUZip0Uvsw6VFlTovdyOlRqptc7oVGqnMvd0KjVdmUTaFTa6wo9yK612i4cOKiyu0UDhhU5ip0UDhhUWVOigcMKjMVNBVNhBU5iuoKlsGKnMV2ULKWWRnZJ8SmIOnKdOteiLSBa8qJA5xCuvMlvKW0zMFGk6mqhpdsrGQM3Ucbxe3YHJmzRAAJkbzOgia4Ycv8Fc41sQ0q05THtCk3IDxlBgTOoA86W+Fjs\/LsmvjpKFu3QnGuJth7feHM0sFgNHImfpRIsO15ygBBmxb2DMSfVMFs+ep18\/WoIVs2u6jddEKhnVSxAAJ1JPSuDSRoFUyBpolWWLys72wfFby5hHUSPWucwhoPVS2YOcWg6hGohoRaEYPcF25fAIRnUFtgYBPp1qBGNwFJmJGUlW94bali0KoJPQDc1HDDztqVwlcwXegRNnFMYMggifUUN0DdkVuIduqMfxkJCjVzsijMx9uQ8\/yqnDa3dW4rnbIZbN68c2IbJbH\/ooYn\/3HH+ldOpIoZw+Y6nyVxia0A80anEtreHtAhdJELaQDlIGpH4VHrG9VMXJqsJRu9Le1WHBwzyS9xigBI28QMIswu0dTzJqjocosokcwc7TvSpcKt23w204OXI6mDB+CAQeRBWfagujDiwdQUQSZc56Ki3xe7ZtmzaNu5lMoTzWdlI0UESYMx4x90VMRfFJwnH37+unRRIGSx8QBaPB8QtXLYfY92XKz4oG+nkRFakYe5oI56LLlMbHFp5C\/JRxPE8OhytdUGYjcjf4gPhGh1PSjMikfeUbIEk8UdZ3VaCPaTD95kkx+OPBt8\/KjfBzZc1eSX\/1HD58t+fJX8O4tavXXtJJKAnNAykAgSDOupoUkL2NDnBHixMUryxhuk1tyB4ToenOlnAHdNtJGxRCXTz1oLoxyR2S9UEOO2je+zhv4nSD0mJiJir\/CvyZ+SH8dFxOGD8yIxWNVBmdgomJJjU1VsJcaAtXfiA0W40qL3ElS6tozmYSDHh57n\/xNWGHLmFw2VTiA14Ydyjc\/lQeGj8RcNyu4a7ihLF4\/aN\/7OM3eCdMpjRc2\/pRThXZM\/JBGNYZOGN0xLnpQeGjcUqnEYtUALsqgmAWIEnoJ56VIivZcZq3UTilKlwQyrMkEHblpzqeDRpQMQCLCqwWNFxFcaZgSAYzaGDpPUVL4MpIKqzEZhYXMfjVtKWcwB01PsKlkGY0FEmJyCykjdq7EgMzKDOpGg1gbdfKj\/BEa0lT2i3YlNFXMoYElWAI31B2oRaAapHDy4WDoh72Mt2zla4inozAH6muEJdrSn4hrdCV8rs4jxhgSzgqV3JJkQNd+lelJZVLyIEmYVum+JTGXMoaze8JkfwmiZOpEe1Ca+Bt04eoR3txLqtp07v4VF\/heIdmZrN2SZP8ADYSSdhp5zVhNEKAcPUIZhmcSS0+h\/Slfw+IyqbmcBdBmBWCBpE84066VZr4rIFf2ueyYgZgfry96Ll0XipsszEAg5WkkEAjSdtDtVqjBzKhdKbZ0U8Rxa9llnbUFdABpO23XnUCOIclLpZ3bnuVF7ENcILuzHZZknfb60RoaNggPL3ak2jcDjryB2tuSXygnRn02idevKhysiNB2w9EWCWcXk3PqibHGLpVlLsfiz+LXUaRtlA2gb60Exx3dV0THFmAIu+uvv6Je9x\/DN05rYOUTBUb+GN95029qKCzpv71QcspAo6j18veiZYvG3ryZrlzwfDCk66aFh5kxNCzQQkj6\/wA\/jdGczFTtBJ8h9DXTvVlzjmIZUUOERCBmXQkAcweW28elLiESEkCgeZ38hy8\/RM\/EuiAa4hxHIbeZ5+Wner342FZe5JENLZZZrm2jOdTsdtNahsEUYLasn18f5Ois\/ETSkOBytG\/Tw\/gAnqmo41nhrxATxA2s2UyIiebDU6aA+dC+CLtD\/Hrz+yY+Oa0Bw799\/Tl9+9D4LHsGWb6lhpaHhgA8tAAPDl0PWm3RMDSA2hz8klHLIX259u5efvmhsVjWKlMxKhlJMTC5iSR7sT86y8XPA+msOoOte\/Ba+Bw87MznjQjS+t+qXrjy1q2GIy22YCNNzt8jWMZBbddv3+ltNj\/y03\/X7THGXlyDKAMpLCN9QJ13nw\/MCmMa6KUfLebWvp78aQMJHLEfm20\/KttcSAh9ZKEORGugA8xI\/wBI6UfB9oMLfn0PMd42cPz08kri+z35vk13o9x3afXQrOnEHviUAcuUXXyL5j\/mGtbXZ8nEjMg2J+2iwe1WBkwjPIfclPTw67m+G1ln+1my8vKaa4htK\/DtrZV8Jt3QuZ4tuWKCNJB0j31qssjapyth4X2SwUfxzRVrhV5CELkNukPG4jw69JEedB40brcB46fdGEErKYXeGv2Rttroc\/xDGQrqfPl56nXyoUgjy3SYiMmer5IK1ZuC6uJVkkndt9QQWjSdGogLCwxFBc2RsgmBHn9UP2lx13IULBl7w6zJnKddDoI5bCpijYDY3pCxcshZlO1rOfbbjPLXXOv3nbbodZii5GtGgSTZZHEWT5krfpjXuWEBePCkkSSTvvv5anWPOkRG1r7pbole+IAnooYnitzwLbYLAI030XSZ9K4Qs1JXOnfoGlIMRau9\/wB+oJZbklwNyOR5bQKYbkyZDsk3tkMvEaNQd1p8Hxt7lsmFVhI5T6wffTypJ2HY0rRbinOb0QHF7xvBQXBy5tdN9OnkPrRGMaw6IMshkA1Q+BGRmGYQyMN9NTbP6GpeA6l0RLSUbw1u7Nt32RWjTlrz9WqsgDgQOaJES0gnkkGMwxYm8XUzOknNz8tBJ67UYOA+Wko5pccxKR45ItWR+Jj\/APH+VEbVpeYHKtTh+MvYR1Mu50QEyqQDBOu3wzFLSRMe4ck8yaSJpvXp3JBg+HOQSxZiTMmdZAOnzpiwNkqGuOpWq7Bdnmw7N3ncuSJkAl1OxWSNvToazcTiRJQbYWvhMIYbzUT70W8zACTypUFNkJLYxWAxr5Va1edRMGSQNpg+oE+dMFssQ1sJYGKY6UaU8b2VwzrAtKh1gqqyDET4gRUtxEgO9rnYeMjakkf\/AKcWSxb7ReBOhIyDffZaZGPfX+ISp7PYeZQOJ7DYuFUYhHS3m7tLhYwCRIJCjoD7URuNZd5aJ3pCfgJDpmsDYFM8Bh8Vh7H8e5hWRBsQzEgRpmMzpyjpS080OrxY+yaw8MwAY6j5H7om7xPhr\/Etg+tv\/wDikR2iwbSfVOnAE7s+gQ3EOIcNVCy2LV06eBUAY\/Nak9qBo0k+qoOzGuOsY9Ep4jxHBAxawk6bw6ga9BE6cqpJ204CmOvzCszseIm3MA8kG1zBZT\/29wvBgliBPLQHQAx7daG3thwObc9+X6dPuru7JYW5AKHdYvxO5+yotYpWcC5nCZfhQA67aF9uWnlQ2dszEnPt3V71\/pEPZEIADR6370XcV9nNuFU5uUqI36hp1G+nWjO7ZPDLYhlPX962UIdjgyB0pzDp+tKCouMpKmTsuaCNSNzqTvR4e2w2EMcDYAF6ftBl7EzSmQEVe3sKD3hEGI8z59Jilji4Xj5jJ66fdODCysPyhg8tfspLdQoecCCBERrSU7dWEE6ciK\/JvzTkVgOBA+\/4FISxxK0Af4ZI6TA2idBRCx2YO5qA8UQjW45ZjWxyjVp68oqS1w0Fad6gOadUKuOtXCctrlGXMI\/vRp\/Kl3NeLk2Rg5tZUJjceFckAZljKJAkdT0296dwGNlw8AYDpqdidel2s7GYCLEzF5GoAG4GmvcibHaF8v3f8PQkfj506e1Ht0zD\/wAn9pYdlRnXKf8A0P0u3eJtdEMQApBEbneZliP56UtP2iZAA47URTT+bTWH7ObE4lo3san+lA4uZgx6jUDoPDVj2nKG5QfDx6oZ7LhL8zh\/VbK+3jhk8FsZ4AnKCAfOOsfWmf8AVXsYc1WNtd\/JK\/6REZAW2Ad9NvOvurcVj2NsZrSESJyjI3z9Yn0pnCY4TU0E5uf8JLHYB8NvABbem9+fJBW8VfdTlkSYOWNRvrG51FOl4G\/1SDMPM8Et08FTc4VdOrBoE8onpvVTiBy+64dmvA\/hNftF4oqLZZYyguDqQBB02paSXvpPMw8mUNARNhEb4u9SIJbOc0EgEgBDO+01TNWoKIMMSadoqbmHBclL11U0+JWZsx9IBqpxLWkAnVW+AedW7IvDW3szkum4p38DGD0IzSInape8GiUNuHe0lotKsQL6kjM25iAy8+mUifU13EJOiK3s2UbINsY4M3Udl6Tl95FdxHBCfh5G\/wCYKa2OIXLjwUYA\/EVeSFA0IET0n1rmzBxUiN+9J2ok5WuLlCgeIS0QJBhBy5zyqTIOSkAXr7+i9dtYdJH2i2o0ADAaRyObfXWqMcQNTaJK6MO1oJbxTBqih0bvc7ASijcncROmn0ii50Gw7\/Gij7fBLqDKboBG4y5vk2XWpE4KkxELb4XhVm2Zt20QkQSqhSRO2grOvqVqbbBFhRUKVy3YUGQoBPMDWu1UKwVK5SqQFUlL8VxrDpobyyBML4j8lmjtw8rtmlAdiIm7uCxC8NweMJW3iLvfiSe9OrQYzQu2w5bRpVZcC8A5waPfatDjo3n5DqO5ew\/CcPaYribV4QY7wMTbmBsQBp6yd6R+Ah2pO\/FybppgODYFgHRmJKzlDMWHlAE+W3Khu7Nw50IUjGSjZMV7I24\/rH5dPfl60I9kYf3\/AEr\/AB8q8eyNuP6y5\/l\/lVf9Hw\/f78lPx8vchOK9mVt2muK7kqNjlg8uS+dUd2Rh2i9VZmOkJrT6\/te4X2XW5Zt3GuMGZZYAAiZ5SB571zex8ORdlS7HSNNUFff7GKR4bzA+ag\/l7URnZMDTdlUOPkrQBZziHAnRnXvB4I2EnYGtOLsOAgODna+CQk7Zma4tLRp3lLjwUI2RXLZiTyjqYg6jffzpSfDOjmZG87gnToB3pyDFiWNzwNiB6lJsTwNm1BnaZIET7Hr9aVw+KD3NYBRO3pf2Tc8OQF5O39IO\/wAIdDmYqokalhAWPiPh9gOcmrySjMIxqe69+n5PTmhhtNMh0Hf09+qbWMAzAj4EUgMSuYkQSGIU7aHT86DJh+E236Ouq9n++SI2cSGm7dUHh8H3l2JAzaSRO01LGZoQDpVn36Krn5JCffvVEJw+0SV+0Jm+6Mp1MgETsNZ+VMf6c8gkHb9X1QzjmCrG\/wDS9kIYqSgCmCZE7fhOv7HWlW4APAIcde4\/tG+KrQhQxoYaeEyNNYOuwjfeoZgKAeHH0NfdR8YCS2h6i0sNpubLBBI113jKw685rROEDAHZr9+KV+IJcW5aTUWQVUl5PlMfnr6GiRYh0RIDx6fm0GXBRS05zD6n+lfeXIpCYpwYByhAWkwZADRtGm4itd2V4sm1lRP4b8rRXmmPBLjvZ\/iXCztHiEaSfDGu\/WelZ00bXOZ01+lLVhkcxsmutD6r13DmJW5cfMPCpTMCRvsRyqz8MxoIDb9f2gx4t7jeevClNVCIAWuKY0IE78tNhpvroay8K1j5XB5I8yOi08W9zGtyi\/TvQVx7ZICli4JktliI0gGDvHlTE8MTI7YCfG+vNLQTSSP+Y0OmicW8XirRy2bY7vl4gWZvxGG0kDn0p3DAcFt70EnNNcxzbWVluKNjLl1mYuqyYBLZQOgABjapLDzQC9wcS00Ebwvh2KUML1ssDswYZh1g8p8xyrqdsiZ5HNIcSnfA3u2S7PbZSds+UiIMkZdNPMDcUnjcZ8NlAbmsE+FV+0fCQGcuzfLVed2r7nH71tYbNto7RudQNwCBQn4+Vo0jPcaRm4KIu1k8rSjiuKuYhVW+oyqSJVgDO8b76D\/eaGcZiYtHDXfltz58ld2Bw0+g8Oe\/LkluJ4kbai1ZvMmQR4olTrsVUaakVqhzpow4bbrEcyPDyFg31F9fBBL2oxdvw\/bJ9Zb6kVYNKnid6+4Wr6sJVgR1Go+lLLTVguDrUqFIMKlcvZx+wa5co3lVlKmSGBB32NWBINhVcARRWdt9iMCCD3RMcmdivuC0GmTjpz\/2SjcBhx\/1+pTzBYG1aEW7SoNNgB+VLukc7c2mWxsZ\/iKUMVfdc02wyjYA6kQN1I6z7VREpfPcS02rb2bYtly\/ilp0uyecDQwNNJ8qkOrdRlvZbDD2sZbRWR1uqVBytvqB1\/nVTfJW05omxx9Qct629pvMSP5\/Q1TjAaO0VuETsu9ocYDhmyQ4YhTB+EHmY8wN43qk8g4RIVoWHiAFX9n5+zW43gxO05jVsO642lROKkIVJ4m62XuOEJUqItktqWAIMgQddqOwZjSC75RayXaLEO928yH+Hpp1OUaAjnHKZ1rSw7xTW++aTxMQDC\/nf6CHsQ14Rp4XO0RIb+e\/OsLtiSsQT\/8AWJx9cwWh2awfD+L2\/QtKHzABxoZYbkZQFO5nbX8q85hopZns4V2BenShfvvW5iZI425pKrv8dEovnPcuo4mFWJMSWeMwPTVdddq144Y43xGI3ZOY+WorcV0OvVIOkdIx+cVpoPsnt\/g1581xGyEgCM3hIjQiBO2nPnT0kkGKMuWi5py6joPDr9h0SUIkhDL23odfVJeAWFuMxuNbVVBBV2ynxDkevP5Vfs+UOi4ZbYJ35ny7vLuUY2IiTiB1UKrkPNFcU4Crub1kpltgGLVyRvqcu6gE9eVabTksOsePhz0We4FwGSr7vHqruL4O6QRZCPL5mDOANgCsEkajbSJFJ4CbNFlc2q03GqbxWHeXF8Zu+gOiXcKf+JZJzIcrIbZiTHhAYczqIMc\/mPtEtbhXxNPfv0I9+qjCROdM2Vwrlt4qmxeZndSo8DsRCkN8LNnABE9N+lNj5Njfd+VYPErKe3uza7dDR\/hEcNsX3tW3FolQXK5GRQVDEDMplpkA677VEuXPnKth4w+LID7vqhL3H27wG5aQBTDIVbN66mQYPppRWOjALXDXuQn4SQgSsIDeYI1960ibuJjDjujbDEy2ZsqkE6RJB8MnbXSgSNGZhHK0cMeWSXVmvDZRtcVvKGPeArbGpIJEdFPXp1o8eQuLTfde6XxBkETJABfOtiB9k3w\/FXt2Lb3Mme4zBNx4AYAIXSTl38x0pdsULXEt3rfw\/pXkfiJGixWo0OtXsgGv4lULF1aX+FQrsomRoCCRpMz5VbLHOeGSAPPVXiZPho+K9hJv0Cvu8QVLefP3hyzleVMwd9xMnl+lAyFr+G2v6TORrmcZwOuvvb7oO12iNy3qcp3Gma3sNGI8U+evpTAgfmDiduQ2PisyV8T2Fkdi+fMeClhsdcvWw6Zdc3iGg0kD4QGH0NAeBxshGnp9UxDCG4LOXFzgCfGu6uiP4ZiLkMXXXMuqyZ8J1bNqB4YnzrJ7VyQzAX\/0dud9Rp3prsmf4mIkAj5gNq2H8oTj1i4by3XuFNlUMvKNdCdDvtNOsLpLcBoKtXfDG0gF2p2HUq\/CcSOaWYAlyB4tCNJnMx1OvuNqx8Vh35nOYSQW+dnlttstCO8tPAGvL7pbb4qt0nPYW6pOjZfGoGgCxAb0kxW\/F\/tMDS7ksSSH4l5IZdd17rw4fYMlsLudPiXTzGb1q3EPIoZwwB1YfQr6FiOyNqc1p7lpvI5h9dfkai0SkO+D4jZ+C4Ly+ZGb\/P8Aoa7Rdqqx2svWzF+xB9Cv5zPtXUutMML2usN8QZfMgEfTX6VCmrTbD8VsP8NxPQnKfk0GutcQUbmqVVezVy5BnErcW4oU+HRgyg66fdDSeulc4Lmm18u7O8XN7NhnthXs94wInUZgCDJ5aes1MkdNzLoZbdlO6+kvj3tYdHFtXVbSkjOQxhJIACEEwOoqYw0gZj79QqyueCcovz\/go2wzXF\/i2lAIBgtm9iMoioe1h03Usc\/c6e\/BB8Q4RaCO4UghSdJO2u2vypGfDMDHFo5HmnIsQ\/MAVTwnjFlLKguAQWkEhT8THZoP0qcAbhaL1U4qN2curRZLjPaA3LV2zmnOx2ykABww8zG0zyNNNfGXFp9VXhyR5ZGnyQNyw6qLeHuLmJJd7hAVRG4WIAPUydfcONlZEGhx05e\/NIyxyYoucBRoa60NR4965gFu94itczNJGdQIiCeXL+YrzXbk\/DxMug\/wArxIPL3VrS7MivCszH\/sT9x6KjH3ilk5QGuPcgAtBuQJy6jeNh5adKR7NlLMRmLiAG7jYa8+7Sj4+aex7MzMoAOux5+Hf09hKuCX8gDMpu2iTo48duT8JE9eWxPQ16D4R0z7YcstXV6PHUHw57jQEEb4zsW2Fln5o7q61aehHj5dDyWw4WSbd3vgCGYm2ysxCrGirPwxrp51EOGa5rgPld\/2GxB7+t8jsRsrGenA1Y5HkfD9clk+G4q3Zz94haTyQOfkSNKnsmMzty5bHXl9Oa7tOduHN5qPTmnXDeO4cEhLbpIM\/wALIMp0MxcM77RW27Bua2h+fysdmPY42fx+Epsv9l70XgLgSD\/eUhjKzsZH0rOfHkc0VpRXoMG7jtqyCCiM9zEKGyOttFJAi2xDT4XQ6tsDIBGm0USbCvEeR23Q62EJmIgkJMbt9LFj10U8RgssPfZYBDI\/3iT+JY1BmCJgzyqWNyDfT6+ZSUgcTRH6SLEm6gKs5g3F7tlPhAO+QbAbacvOrTkAhwGyZ7OBdE9hOpqvSrC7wzitx3u2r4S7bA0hApUz8WdQCp03nlQ5JrcHRiiiwYZ2R8czrCY4jgGdTbW0GhcwIxEsDvlyP8XxH5HURTD25wHjfpX5SkEjYy6In5eR37tkrxXHrqhQjGCwWA7ARrI09ufLbnQoY2EOLx\/Ccx80rXxtg2IHLc\/ZMcPxG1egXFuoE+E\/EA2pIknUHfYb71Z74WNyg8vulmDEvfme0ijdV0VOLvANKtmU88rAj1kaexNIsexhDwdQtWQvkYYXNOR3Qry37bf1hY6jmwjb6760eTGtkAsC+qzmdmmIkhzqrQWRqvY7iVkqVWVB1LMASeozMJmSNdIjagulId\/tuNdEWKPPH\/vsAPXf9bK\/gvEEsqVs4hSCT4bhhpPMMo1HqKHK0yuzm2lFhc2FnDBDgjL2Gu5g7q7Sc2a2zBY6HKfzHWulBLcp+YbagfzXqpi4Z1cMrr5Gx\/PmEJi7FpvDF\/MRoc9sZfEdZcDXU85geQq8eJLRlIFKsuCY75mOJO\/h+kHguCX+9XPfyKjLcU3JOaG+HTY\/TWjmSFwsDVKN+IzZLNd63PGcdaS34rAueAkNAbKYMRIpZ5BIbW6cg4jGl4dVb1zXz\/EdoQpg2rYP90j6A0b4CYdPIqn+rYd+pcfMG194FclF0VKhdZQRBE+RqFNpdieB4d\/isr6qMp+axUrrSy92PtzKO6eWjD9D9arSnMl97hF2xJXE2xl1IL92fUifzNXELzsDXmoOIjboSL8kqs9rsVn7u0Rd+Kc0RMQAGHLQn9TOrowrcu\/mdPp+1lu7QJcAAPAa9ed136IPGf8AUG9hSU7oXLhabnxQCAoABgDVRuB86oMG4i0U44aaeOqxnB+M3UxbXhb\/AKzMCGkAKWBOoHLLRhhHPAZVJf4wRF0l33L6df43ixZyPZthVEStwkjwxtkJ57UpwBVAptuMJNvbXnaJ4P2jvMQXVUtZE8clgAupJUkQzZo8gsmj\/C\/Luh\/GW6606rV4m+GtsZiVOkidR5Gs7ExvMTg0EmitCGRudpJ0WAxfA2vOx7wKM5bRDtqBLEjkelVw+AfhYw5xANbJt3aTZ\/8AaaLA57JZjMMuGcWxeDuR4hk+ESsTvG22\/tTEmPLWgEDRLM7Na5xcHHVLcFeYq8jLmTKZUyZDT5c\/rWfKxrHNc03z9KWnHKZGua4VyTrhdtA2T4vCxB2IiNRG2+9YXaGJdI+V9aktHv0TUMLY42sB2v39Uu4iiXURWthyGLqpbJmgAH7phtoAjefKrYG45S7NQoAnfnY5jQ94UYpocKy3z996Mw9y1cKMqkF4zMVkgSJVtdek6+ciiTHGwsoVQNgN5Hu0OXw58kCNuHkcXlutUb5jv6pvcQZCnwHqNjp0P76GjYjFYyVrXENJrRwcNuYO2v8A+SN9hYpUhgw7SQwEC9q+v89Nysdg7GbOdMxI+gA+lb3YGIr\/AGuW6xe38KHt4nOwPJGrhiIbMuuhAOsdYjzr0hdelLzTYy02ffkq+JWs9sFtTblX806aeX+mk54Q4fVa\/Z+LdC8Hpof2lGOxBSwmVzowiCdAQTEjoRWdjJi6Wx0W92PgAcNT6vMe+6NJpwNsXetsjWrbW1BDAAm5kMaqrNlPppt6VMknCma12gcBrySzTFLhnkWXtJ9\/pX4izkbKNbESAxIIYrMmWknNoImCCedGdBbg5ug1FckhFiCywd9CDzSPGh+7NxM2UOJOYSABJzEakajX1oYgLXtPJNv7QEsDgd\/uo8Kum1ctnMVbKsa+Egjk3Lf001piVrTETmr+0rhHOjxDLZe+nXT8JxxXiDLiLeeyFzEDvVUeMFdZOqNsOU6UphJGxkl+oorW7Sw3xDGsgJBzNruvTyq7TDH4S2SGtFSpVmOVcvQGRMA89AKSxkjHnNG2uqbwcM8AyYh2Y8vChzSZrIgG0tu6h\/rGEl0YciJka+RmodgX6SZj4Xp5ikMYyJz8o0rT2V7D8SsCRcsCJJDLPnvqCR5TTHwscsdB1HqKvw1B0Sk88sUnzA0dr596V8Q7slcttvEJB1yvOwUHUHkdTtQA1jdM23P9opfIdcvl18EXi+ywlGUoqGASA4EaQxLk7yRptlOlJ4fEvygvvU6XXnsBsjHDsLywbgXpaecQwT4DI4xXeWrkqu+kAdCQRGkiK38O9khpw0peex3FibcZo3zQXEOJ97lj4vEZzeHluCD+lVxUeFYNfoi9mYntCVxA5ddiPHXXzQNoXnIUMgOaCEuTPsOdJtiYPmaTXeFrS4mRwyuAzDo78Fai+9xUaA3wtyOpgxPLfrXPkq\/mCXY3bQrKtfxA3tNP\/tke+1W4kZ5qxixDTWUfRfdO9rqQrUleuXKRYVC5cDnp9alQkXa3CYu4qDCtAk5xmykjSIMg9dJA1pnCvja75x5nklcXHI9vyE89tL6a6fcLDHs1fsy76GMuYoTBM5TOo0J61rxTNdoHArAkw0jNXDTzReHw91AGa+twBDnVbeUltdj6chUjPfzfbfvV6AGnvuWU7UYoXMly2JJtpyk7mflt7Ub\/APlbOqqB\/uU5C2RopjWBOlM0MoKVedSOS2fBXu3F0uoFygAMCSWgGJg8prOxDXB1j7J7CuzNon30TTGILeHz3IcgCEAyqbmoPqGzARyyihWbTDwGss+iAvYK8yF\/+2RGDSSWXedtSEIHm21RmrQoWSR\/zNA+v21+6ATigtm5nuWi2TLbNl2IDERPxaQDMwJ9YpfETjKWmvRamAwTs7ZDd89dPSunjul3Za+rYhhcLao2ZuckgySee5ms+TAF0du3\/C1P9Qa6XKz\/ABHPqe7u+6fPxfDG1lsW2uXLxa3bOYyADkDAA7ltp33PSkThwwlnNNulLmiQbe+q7hMoe4WZdA4DT4YkZiD021rzGKa51hutvG3OrWkyhlJ5D9IK\/h8K6Zlugqklijj6QYH\/ABRoRPE7LJGdeVbeNhUfJHKMzXD1\/SK4ZluWxdIuG3qJmDp1gwfXfr5Xc1rZcuVxHd\/X0Vmvdkuxfei8bhVNvKsnnq2kb6GDOo2OlBc+INzsa4XvY08eXr5KW5y6nEeSXdkkNy4ygITmzLmOUaKCQdDmBy\/WvQ9mzcJuUblZOOgEhs8itViuE4hhBsYQjoGddvMIK1W4iQarOdh4joQkeJwVxX8dsWg+mWQwGsAgjcSOesGnGTZo9dwk34cNk02KzOM4K3ed1nyhXFwEiQQPu6HTfnWXjX5Tm7l6XskgRFnO\/uibfaJnFy3eNlY\/qiwKQQSNDbB8gQeVXwuJaDm3+v3VO0OzC9oDNLvu8NlXwTte9y3cQ2Um3lE6OYJIjLHi2iddxTziHTitj0WG1pbhnXu3r5J1h0sWsOLrWlVWUFwqgATppMDKPMwBNELuSA1mU39kpxnCcy95ZhlB1t6EoJ0iD+HlPOlJ26fLsQtbAYptZJRsdOrVleIvcLwjnKIIXMYneQNjrQsPCSLRMfiRE+mk3WhCe4UXB3S3CMwa7m3GyGJEb\/IULExMYXhpGw+p2RcNjJpQwyDUki+4C7KyNzCLnJ7y3qSfjU7+\/wCVaWVzWiiPVYWaN8hzhw32Fg\/UUml0wrDMjaESrB1JjqP35Vlva5hXq8PiY5YMrqNDUFe4Pea0RbcAq7qQAZAOwMcjPptQpo84Lr1ASZxAhkDMnymvVaHE8QuJYyhiyqmcAzvOnmPnz5VmQkvkAIoXt9\/ei0ZRlYS3evNK+8N4Ev3NorsjEpmncr3jEcgNIr0rXYaJ3ya305Ly8mH7QxbPmFFvUUT9NUJetPbePEh10YEdNp3\/AOKK4RymtxXNJQyTQNs203y90ovfQDvFMuDqoO5O+m\/6Uk+J7hwnimnn9lpzxQ4iFxa4lx3r6lH8P7UlYAdl8j4l9PL5Cs+TsyeP\/jdY9+X1Xnzhpo\/+J99x\/n9oh+1LSdLe\/wCH6mrtwkhFkFOfF4+MZWkgeJ\/a+0npHsf9qdWouC95x8v1P6Vy5dGu\/wBTP+1cCupWp+9df5V1rqU80cxXLtl827SYnENedCWuZCMuQhF5HRWBBImJaa2sOxojEjRqf6XncW+R0xY86DpoOviVc2FbuwU70uAZE29TyAJSPnXcSUON1XJQ2BtAi757LIdqeH90wRJ+FTrH4mnaOlOxF7ozW9oJDWSaoTDJOVTuYHvTR0ZqgBud9DmVoOzPeHMFHwt5fqp61nYhzr0T2Dibz35rUYvDjEd2Htsqo0MMwhgdCdBrPttWZhhMHOMp56bLWxkcLw0Mvv8A0s9\/1MwwFi2VVVi6ghRAAFu5EAe9MR79UF9BlbLEYQxOn3un9kco\/SmYpQ2w4fT+EnNCXkFhv0QVq9eCFfEoaFOkZgdwTGs85pQODqF2fFPZXRgkih4Ld9lLIt2QF+O42TOZ0SYYrGxOvT1GWa87inkyuPP9L0cbQImtG37SvE5mW5oxWQSQCyxmB8RGoGgMeQpDD4nJMHnfXoOVaWj4jDh8eTw68tVVw28mZs5AzrlgIRMsCDBAAiIBHWncbinyMytafv8AYlJ4TDMjfmcR9vwFpMFcu28oDuQCTljQkzJid5M1kx4p7NAFqPia7covG8bdAxW1CtIIIhRI+IRseo2PrRTiJHZhRAddjl47aH780IQtBHMjb3zQvZDuGZmusQAyhVUkZsxCx4dTq2w\/nR8K0Ai0GdxINLaNw7CEfDfHocSNPLWtQABIElQv4C01slXcosBUefCPvZc4znqZJoscmTZDczNuEr4nw7Mq3UUM6HVTENG6meR0+dUl+fQ8kWI8M21Ze\/wfCtibXeW7yWjbuF83wrd3VSZzRo2xjRdd6IIoWimb+f5UnHYtxBedPAfpD2eA2cPi2BBFm4qmVMtbbbLmMyGliQRsukxR5nOhc1\/kk8O0YjOzrqtbdwXdqqCSgUKDudOvKajjnmjfCNOloXh3D7ecsudLgADLmMRyaJhgdYPqNCCKls17hUfg61BQPaPsst094nhfQzyby309asSR\/ighoJGZZ1+LvlW0y+K1cYMQZOTIy5DG4zEQJjQaaVlyM1N7rZilFgt26eqzn\/09cy5o5CAWg7cxFMHGnPlLT\/5KR+CgDCQdeWo+uif9kLSpbdLwyZ30zrIMKN5233omJlaHAKmCgc5pI01R2I7NgXEdHygFTBkq2sjK36GlnG2kDmtFkZsWVzi7slsWnTV0W0pADSZkkA7GAJ6CazGYciTMTVEn31TczwWV5BJ8bg7qt3jWyVAEAETMmNNTzHKn2TwF2VhPofvSA2acNcX0PfcU\/wCJcVL2HbJbZlyeErIksJkE9J2itJ7WijawmOLiRSRcMxeEDEvZVST94M6c9vFmWZ84ornZ25HbKoD4n8SF2V3VMMTwnB3vEpNg6ahu8tH0b4l99BQ+GW\/4O\/IRD2gSP\/lxB3\/6bofp+R5pLf7Puphbltx+IXLUH\/EwO3lVi6XkFVsmAIsyEeNX9l98TqTHrsfmPypcoitHp+\/3611qVC\/eS2CzEKOpZVHzMVIsqDQ1VFrEm58B06hWPyMKPzqaDd\/1+1XMXbftEANzLR5soP8AkE1FhWpZHieG7u9dgAc1kkyzfDJYT8R13gT0rUgceAAN7Kx8S3\/5BJ6D7UgO4ctAZ8xkSbrBST1jYAg6gVLnPDqy6db\/ABuh8MZf8ten8rM8dDG6WZ1YuM3hmACToAw0rSwd5TfVZ015rP0QCmNelNHUIbTRta7sdcm9dXrDD6g\/pWbiRTQtPBvD5H14rY2MxBzACGOWDMrpBPQ+VIErTAPNZj\/qhZIwoJ0IuoTpuCjipjfR0Q52As10Wd7F8DLDv7oAUn+GDz0Azny00+fSlcXiCSWjzWl2ZhWhokd5ftQ7TYwXHCJ8CtE9TrLfy\/3pLDz8OTP0B9Vo47DfERcO6sj05qhsW1jBshGW5cdxvrkKo4Y9IUwOmZvOgSDNJm5f2ht+VpaPBHYnElMOltNTccyR+EKBy6amvP4eLiTFzuX3WnK4tbod014Wtu3Fy4CUBEqu5+ZGk+dbMTmucGVus+QOAzWm9nF27txmtK6IFUMWY6kE\/wBogaAVZ7Gwzd\/vVVYXSMUO0bFbLHVpBB12GU+LU12IluMgBTFHT1mOzfFVsOzd27MEgKF5hw3TScsaVEL2CIULd10\/drpWPMps03pr+lqD2+cDXDMPMlgPUyulORSB7w1xoHmlJGlrCWiyOSW4ft+1y8ouW7Zt7EqrM6g6Fl1MxppE1qvw2GMZyyW7lqFlMxeI4gzR03zWiwl0TlmVcaesab9RSDTWq03dEJxO4FlQbZcpchHjxr3bZk9xNTQuwqlxqisbw77Mbr96LtlcqxmYkSCYnOCRoeWg8Q6UTFMzuAdfu0XsmLMxz2cjVIfily6WZMLeuXUgFe7doAkaEAwCP1FAoN+ULSlbl3FJTcxuJt3kFx7yNDfEzgxA2k7SB8qgINtzDzW87J4svYYuzMe8YZmJMDKump9\/emI9QkMZQk0HJZztDwBi7PZOrtLa+0gEx7TUOiDigMmLdloLNkAKGXkNY\/OKLlS+Y81m+0+LVbqqolVXX1kzH0GvSl3MZNsdR9O4p3Dzvw+7dD70Qn9MPbtnI0gkDKQCNZkQdqV4bo3U5arZmSNzNKBt9rrweGCOgIOVlGm2x3Hl0p3CxMeTmCzMfiXx0GrU8O4zavfBAbmjaN7Hn+9qdGFiux9ysz4uQiir+Jsr2iqpluSD6gev\/FAnwjnNpnom8JjGRSB0g8wsticIpMOsHrsf96zQ98Zo+i2TDBiG5meoWe4lhcrGDIA96abKCFny4R7TvoEwGLjkPn\/tWhwXe\/6XleCDz+n8r7texyqfFcJb8KiD8hWdlPRejzi91y5i7raLaYDmbjhNPIJmY\/SpAHX8qCTtXropWMKAQcyhj+FNY\/vPLe9QXWpa2jf4RqtPNvcxVVZTUwfDlke5Hy3rguWU7UYlWZ3VvuiCQfjEhY8wZp9rjFFrvySzIhPPptz8lj+CKzXLj54CWyoPLO8iSJ1hM59qBCBnL+QTfaIyxhmlk8hX5QHEMPkeO8z6TOXLG+gEnStvs9wLHeK8ri2FrgD0Q1P2lE+7K3suIT+0pX6T\/wDGksVq0pnAPyzUvo1ppB8t\/lP61kF4ul6GjSD49aV7ZtPaF2YaCRERAJ89z7VQl1\/KoGU6OXzW12duKuyugU\/xAVAiJzQxnadCJFIU6TMQFsNlZG1rSUGtku0zCpqx6Dr++lVhiLrrkiYrECOrO+gVDf8AcXTJCoASSdYtKNfUmIjzbpQsS9za01\/P8bocDBl30\/H87JrhCHfMFIVZVeZ1Mmd45AwaTEeQUdzqmDJnN8k\/u8FuPbKhspMajkZnr5RUsOU5qXOFikfwLgT2Vh7pctqZEaZRCgdN\/makyF7sxCqGBjaXO0RK2XJOgUn2H+1SdaFLmmjZSPgN5SjwTGcFZbXcjX51fgOYW7eQQ+MHX+UbxFHdSqRLeEbc4qS05gVGYUVkcZggDku3Ldt82cKzZXEERqTl5EgyNRvTkMTmtBy\/4945++Sz5ZmZyL\/yrl07\/wCVuuEX3NkToUPrtqp89yParRm+SI4EIftlhWu2hdUaoCQVMNBGokdD5cqqHOa6+iksDm11WDud8xIuPOfSSZAI9P38qZfIZBmdy\/K7s+T4aYsZzFkfYqOGF7DOrDSGJDDaYjKfIiqPYascloyYgucGv5q3iHaS42R7ioSjSpC6gkagydVPMVeI5rDkpiwYw2Ru4P0O4Wn4d2lwt60p7rKwYEqNYPM6CP8AijwYZ7hbSFm4ztGIOp4Np2l+dpiJBgZT6RUFpB1XNcCAQvLeUgo40PsfpUOCsDyKyPaLhr23kBntkbnxfONvWly7XVDkie05oz5LLcWAygqdzt7GjNk5OQ2yB400KVWiZPUH9BUxn5iQiy\/4NBT7hFixdgXLjWmnQwCvzkFaYEh5pcRNOyfvwDFszBMUXC6iCNOY3adopc4mMEtc6in24GdzQ9jbB8Alt+xjUfLfzMoBIMA9Ogmg4wh8WZmpS8jMVCf9sU7wHspDxW\/q9JwPcQLRY+0J5flkA70wwT28ilrSsSAZJedvJgKK\/FStcRa1IMDhnRg5fuvt1mxpLXHbotod0n+Uyfc0Y+Hrqs0DvPlojLZUagbbTM\/4jM1FlTQU11MgQepH11iq7K26sDHqD8h+pNdspSbtZhGuWcovC2keI6lmPJV159OelGiobpedpIq9Oax3GboUC2ryqgBR6DLmPX4fqetdiJLdl6LW7Kw7Wx5juVZwDCt9lGWMzuzyRsoOQcxOz\/M0WDSO+pWb2mS+ctHJZ3iQRbpy3jeLHxNAHXQRy00rTwLwBQ6\/hedxbTm8vyqC8RWgXgUkg0lOsHxG2q2FKhSjnNc5kFtPoYpDENIc5xdoeSPh3DiNAbrepW1wPaG0oyh5IUAuQIbTmQN9a8\/PGDTgdRz6+K9RG75dTosp2qGe\/wB89yIUi0oJysD94wN9WkDaAKiXFZgMuiPgsCJJS6TUfcKnB4qLTOCrlEbIfSC521CyonmxXzqIg4NLgNSjScHjCMGmgexfp6LLcWBQqOWU5ug0ImfUD5UxE4MjGU+KWnuSY5htsm3ZPhwaw9xpi7oOotpLE\/n6y4pd+pJKO07Abe6\/aLwmCZRCkkySYI3PkNv966NsdUVz896J9gUvEgZzHOpe2LkFDTJ1ThXuyfGdulCqOtkS3dUo41hXdGUu0FY5cyKu1rDyVHF\/IpDw7h7BHaYJUN5SXX5b0wGgNYPexShsucfe4Rl3E4oDJadVXQmUBM+TbjT9etXYAw3SrJbxVoQ4G9ecHEd3cABElPFB1gHpMn3q75M42VI4snO1p+HqFGQCARp6jb+XvQMtapi+S8t2Q6mdBIH5j9fnUSMo2pY\/Slh+JWhbZ7YHhJzA+p\/T8qq51My96HFCTi2yjoQfus1icSxGWTqydfxDrRozVWjYkkgt9931X07BdnsHiLUi0FYaEgklWHODoRz13qgxr3Dl6BFf2ZE0kW7\/ANH9oJeA2Gz2sndXk0JQspM\/C666qdx5gjcGtKKUPbmCxpcNwnZDr4kn7plwawiqbQDB1PiBctv94Fjqpj8xvUObZsqWuoUFZeyhgpaGO0g6+8RQHCkZpvULpSZVhINDe0FFa4grJ9oOyoALW82UEnKokgRyBoJFLuEw6hY\/F8MdPGoYjeSIPrpRY3AIcjSQB0UrTSBNEroobtqtJwPFQgyP41mYOo1P0rExTHB5cdivZdlzxPgbGCCRuFqcHxtWhb6gxs0T7kcvUUFspampcI140C9xjs\/bxAzI0EjcHwmnIp2f9gsbFdnuOrN1isT2bxKNlFskcip0itASMI5Lz0mFna4ij5L7MbpMeIE84Cg\/I6\/Wg6o2iut3TsT8wR\/p0PzqFI7lIvPMAD0\/4HzNdamkLjuIpatuysHZUzBA6idYEQeun5TVmNs66DqqSPytJGp6LF\/0ldxjIWgIL9sqCYZWCkSkzz\/1UemiQBu3VI8Zzh8yR9o8SovgIWKLIuBTlLeLVVnrPLzpMDO83ta2PjHww5K15eiJ4zxH+LhFCsqG3bYIg1AYfCBty2M\/Wi4hwD2a6Dkg4RzHRva8jO7r4ftL+MWLdtkCFyxnNn+KYHl0YVqYCRpFje9vJYnaGEfE63ag8+SFDSV8zWk5w3KzA06gBSxmIa0A2Vg1tlbodxlABG8qdfSkMVMHtcWu0rl18fRNYeAiRuZtG+ac28ReW1butdvLmZRBYHcgEZ8oExPPlWbqButg1eo0RWDxRN82Hv28TbZXfNubTDQQTuIgRzifKksQ5wcMup51qj4WVjnZL08Ut7T4kWraWxpcZD3m0qguMVXwgAE6sYA3Fa0Me5Kz531TWrOi2b4OZ\/G5VVDAwVCwBI21VRt97U70o\/IDTffsrRjzubmf79hbf7UqoLdsiGUJIEeBcrOY5ZiRp\/e60OrOnJGDqXLOIAJgAa9KIIgAq8bVOeGYiSf3++VBkYisfaKXFiGPyrjHsF3ES7iWL8JPp+p\/SiNjpDfJaW4LEgJcnT+GOenxJ\/KiO0a09\/4QGutzgOn5Ct78A6OrAgaqQR8xVx8wtUJylWDEdKnKuzqxMVsRoRUZFOdSxGLyuGG2hHoRt8iRUZMzaXcTK6wlPafBZwGE+Ehgw3Kn\/b9KBlsI7ZMrtFgHtGZDA6iND1ojW2QEKSU0St9wHi\/duH+6dHH75jcUlioXYWYtO3LwW1hMS3FwB435+KZcZ4vh7ii5augXrYJWQwDLubbabGN+RAPUG8OI4brQ8ThOMzbXkgR2jw91UuC6EuRKzMiYlW6g8x78ga2g9rtl50scj8P2qw7CTdQHmJ\/UfnVCWuCsA5pTbDX7d1Q9twwMwQZBgwR8xSxKZUHkdZFDcrtSfiWAZwTauMhnVZOX5cqDo3kin5ua+eY8Ml11fWGO8jnuKOxwLQQlXhzXEFU5GTK4PQyOU9ahkjJBlPompcNNBUo2OoI96JrguNg6XND+Ll79KRxGB\/7R+i2cB21\/0xHr+\/2mNm\/44zuq5QZttG5OvQ7VnUQNVsyzDPbaIrxWr4WAE8F\/MCZl9WmBpuI22ojJsoqklNGJXZitWLzc5Hkqn85I9xWoaXl9VwXLh+ENHmQT\/qEV1hTqheMcUGHtG48LyUmCuaDA3jlz\/lVmDMaVJH5G2sFheOqisbl21dLZ9GuDwgsWIUCCupO3tTQgadHXSzXzSOF178kdheP4S0li2jW\/E6u7fEqDOJEMZDRrMHaubCA\/RTGA1gHP9pLdTCNdNxry65jK\/iLkiSNBp+lLOhdmJb+Ey6Ulo\/n0TLH4jCHubq4lO8t20jKy7qwA3Pv7Gufhy4tdrYCG6QE5iPRJMVhbN1s32lQ2ZASzqJXKZMAnmB8xTEMLm7GipmxQebc0kWNFDG4CyCMuKtkmdm0HmTy5jSrOEzHAl99yK6fCSMLWxZSdLUsNg7IgXL6vmAzBYYDRguuYagkn5Vdzy+2uvVKNjayi2tForNjA933S3rbFtyXhVk6ZUMhY01B69aFJBmaWt+uqK2XWyfwhBhMPhnV86PlRiQpDTHwzOxLRp\/Z86ViwbopP8ibVg+NrcwA989Vhu0HFGZyxPjc5j5TTssuVoaEOCHM8vcnXZawxtvibh+FStsQIzGJPqBH+PypQi7JT7fl0CZ4D4cxEEwo9t\/TkKvGOqo93RH2KYQgdU3wL5UJ57\/v6UBwtyYa6m2vC54R5\/wDH6VYjVVDtELxFjkaOq\/k1d7+yqT+PylDYTvrZWY8BbTqozD\/TXEnI3xH6VKGc+B\/aH4XhWQQTOs7R0oxvmUFtAUBSbq1cpU89QpXbjyn90\/Q6j6z864aO8VBst8EXh1JVrbfFbPsVP6T+YoThT\/H7orSSzw+yyHFLHd3CDbUjXWNR1OnrQyS0WiRgPcAeapwuIyt5H9zTs7G43DZh\/kPZHmhYdzuz8WWO\/wAT9uR8lBMSkHxAeE9enpWJ8NMNchXozjcPVB4tKsEji1agNoJ0nqdRG2labJGgbrCMLzqGn0VmHtXCnwvq7knU6zvpz86p8REDRcPVScPKdmn0X0HsyX+yopYqxzGdMwJdjOoj6VGcO1CsGFopwT7B2myQ1xnM\/EQAfTw6V12uqiqcRbIPMHryNDeERiS8W4Yl8fxFGYcwYYfzFALnN1CNka\/QhZLFYRrRyMNOR3DDyP6UE3uFuYedjm8Nw8uqV4nC81+X8qZixPJ\/qs7F9l188O3T9K3hF\/LmB8h6Rr+tBxrczgQi9lRuMbj0NUmveA1nEJ+19TtqynwoqnoMoHp1+hrbu+S8plI5q77U508CkanMX\/KF+ulVVkl7YYY38Lctp\/EuGCuUMxzAgwIDAaSPiG9WjdlcFSZuZpA3XyA4Zu8FtgVYsFhgQQSY1B1rSFHZZxBbuqEeCCK61xFilfny6gTbfQqTsRrE8iOR6H1obgLsKzHHYqGKw2XxLqh2PMeTdDv6wY2MdasRzCHqVC9NcupSmuUUvZqldSnYuBTJ5a1XMGkFcWZgWhV4TDtiGWFklsp9z4RPnOX2pMkl1p8DI0AcluOP3Mgt4dSDl3jaeZ+ZPsRUXZpTWVTtrEL0H1\/f5UdqXcirX6\/v86uSoCYl4T1\/f5ChN1KM401eJgD2q6ryVOPPgPr+QP8AOq8\/JcdvNQ4SvLrbuD\/9TVDzUY8vuFzNZD5\/YoZjpRSUFdDVFqy6Llda5WYd\/Fl\/EMvvy+sVVx0vorNbrXVV2sUUcMSfwt\/d2+kD5VEmrdFEfyu18FztHaYqSrEMNPUERHQiP0oTqcLR22w1zWUExBEGJFdhpzA8g7FN4uAYqEPG49kflCd8MjGRtWu\/Ex5CLvT8LDZhpMwJB0KZ8Oxqi2ikxCj8hXnHDVewhkAYAnXC8WotLqNZO\/Vif1rDxUbjM40nIZGhgs+7T3C3QyDKwJH5zqD71p4R5jYAUpiYRLdboqzi4235itIO5hZDm18pRRxAcc6tdi1SqQ1xOuh5fzBobhaK0lLMZhQfCyg84OxPUedKvaQmmOBWS4ngGtkn7k6Hp5H+e1RVjvT8WKLTT\/X9pfZt5s2us\/oKgmgE1E6nOI6\/gKJZhprUaJnNG7Ur7B9pC6s8AgSIYxPRUKjyk04NV4w03RS4bjluJJUqQzjwqw+FiNwmh05MYmrPBaVRjg4IpcQVBOU5epYs3ubjmP8ADXZB1Ul9IPHJbueJzaYDX+JLZfMKAFB89\/OiNBadEF8jHA3SVYnslgW\/9OCeaSijbWM5\/Kih7uqoeHazPFOylpAwsG7dYkBkGXIuukloIYD131gSKBJi8jqKKMLnFjdI7\/CruGOW49qG2BYGfJlGoB0B5gwRtNcMW12lHxU\/CubrY8EA\/Di2ZrYML8Sn4kMx\/wCS9G+caTf4oA0VIwhf\/ilbXfEVUFiOmv5UTjWLpCOHIO6v+z3IDEKgP42yx6gx9JqOP0U\/D9SqmdRvcBPRFJ\/zPA+QNRxXFWELAuW7w3yAgfeuEsB7LAJ8oNDLidyiNaBsFtOylglBibhhU0tKAB4iD4sqwBCyQOpX1MVWq67KhYBu3S525fp7H8iKswKrzyTNRFGCAURaEGK5x0UtGqKvt8I\/egA\/nVWqz9lZdOvLflt7eVWUKjGP4Pd\/9K1QnU+H7U9PH9KfBPiQTuCPmhFVl\/4T5fdWi\/5ggTtRiggLk1CleNcuXDXKynjjJDfjE++x\/wAwNUYdK6K7xZvqi7Ki7Z13Xwn05H5flQM2VxafEI2TM0OG+yyWJtOt0DUjWBvHM6dNZ+dUlbbbTODkqQMOxR32VLqzkWDI0HzBNLBxC9QcPE8UWhUcOwdrMLN0AMCAGyjVT8LfSD51dxO4KQ4TIhkc0Ej6jqmn\/wBI2ADBBMkgMo+UzNSZXVoUt8LGTeUKfCeD2MmZVGpMqwPhbYqQG3EVbisA+cEnxpC+GlJuNwA6Zb\/KPS0LfhUAbkRsRzGux50RuQszM2G46d\/gfulpWvbJkk3OxGzuork4dOY1CJtXjuG\/fQx++dRethUrlyQA4zeL5WwzAAxnWWHqNNRVgQVFUmdxwRDctv3yobgiNKX4m2dZ28\/yPWgOHRHa7qszxXAshNxBK7soGo8xHxD6+tQCDoUxHMY\/BCJiQwnQ1JaQnRIxwsLdY3tZatSLOZ20lgIU\/wCKT8l96048JQ+ZeLlxwv5Vm37R3jCLcZS7k5VJ1LuTp7nlFGPCaSX8qS2aZzRk6n1QWK4g6lgb9zvZIFsMxnqS8ld4EST5UMzMJ+VunXb6brmQyAEuIu\/FG8M41iDFpbrZ2UgSWujMzn8AYtCCdJ1IocszWx5iOX576RY2kyZL5\/hBrxnEq5V713wllnMY001nUa6npFXhkY4AlBmBFhp1Wit8TOIw7WxcbvERmQ75k+9IP3gAWB6BhymuxWFY5udn9o2Bxb2nhvWZxmPsKAptlgY3KmSNMyiAV9enWs2Np5la0jhyCDTH5DNtVBjKlwywI\/A0\/CY0gnTbaCDloKG2QtukJfuXLshCUcb2R4ZjnbjWf7G\/SdhNgb+v7U77JXaw7MZALRuTt\/5E6D3q+ZUpT7lF3Oc9B8Pu259B86jMu0RHDMMb15EPwzsBoB5ADmYHvUhQ46Ld8dy2bQw6EQshjA1b7zegIj\/7Yrnb0paKCjwyxltz+OD6ACAP30ozBSC8lFAbc\/3rRENW4PVtuY\/n+lDcURoV91pcaTAEj6mrM2VX7rjPUrlRi28H\/wCQ\/wCUfyoZ3PgPyrDYeJ\/Ct4C38Sz5sg+cVWb\/AIHeCmL\/AJm+KCzUW0Kiohq5Suh6lcoZ6i1KszZkP9kz7GAfrl+ZoZNO8UQat8FPg+LyXQD8L+E+vI\/PT3oU40zDkiwO+bKdivdosEV8SaMJgxpMGPntXaEK2rSstc4i6KrIcubcQDqIkQQf+KXMdFegjxfEja4HXmuWMa90kuQSB0A3PkPKoc2gqSSl5FlazhPGFKBbjKrDSWIAI6yedUF8l1t\/7KjG4u3afvkuWyDHeqHBJHJ1AOpHPqPQVxaXCioztacw80YcZbYf1tuP76z+c1ETnxuzj+1M7Ip2Fjj\/AAeRB6oIY\/ISxKlS2UMrBgSdpj4T09QOdNtcx5yt0PQrKljkjtz9R1H65IteIKCCGq5w8g1pAbiIzoSmPfq439f2KFujhDXBGhbTlVCFYFB3rUDTUUJzUVrkovYBGYkjU9OfntVSSFcDoh8LwHEXd4Rd4JIgETBO5061slz3c15LMxp+UeqJwnZ5FN0O4UIoAYnQE7fFQstKGSPlfR5I\/AdlQUQsSf4ZUSSeUAidhz0rgrTOe5+h09FfY7KsMMwQAuoaGBEzMmJ5xXObpSrGX5+JWqOtdnsiJ3ttSxUTEEzGpI01mobYFKsrA52YjU9EtwwtWcYqqDplJUkfCZDECNF15nrAJ2JHI\/OG1Y18kURRiMPJo\/dYriuEt271xM7HI7L8A5GI+Mbbe1JCxpS1QQRuqbV1EkAMwO4MKD6jxfMEEcqmyoNIpWR4CqJAgA+K4P7uY5bg6LAYcuZMrrpexStd\/rG8SyO8E5Zna6sShnTNA8wfiA\/8dlfNmGvvxS2\/h2Q5WEH9ORBGhBGoI0NXDgRYUEEGitj2E4dkV8QwAKbTM59cnlG7H+6KuDS4NzH6qs2zeunmJgSfTf2An1NS0Xquca0Td31gbCAKOEA7rzN57VZQEXw9dyemnqSBQ3IjF4EFmM9Y8+lXGyGd1FjrXLlTjZyrr91z\/qH6ULm5E5NXeD3Qr2Tyz24+a6a103\/C7wP2XRj\/AHW+I+6ovSGYbQT+dXYbaCquFOIVYapCqvA1K5cJqqlSw7gMJ0B0PodCfaZ9qq8aaK7DRQ99CCQdCCQfUVIIItRRBorQJihcsqSJkZW9RzpWP5SY+n2TbjmAf1+6x\/FcCik5lYAsSCORI1BBI6A\/OprVWY8tGhQeEw4QsRPLf386rINAjwSFziCVHiR8IjYn9iht3TLzoleIbwN6foaK3cJeQ0wqRNQiclqezuVrDKwBDM0g9IA\/SlJiQ8EJqEAsIOyoxCG04QklT8DHn\/ZJ\/EPqPQ1rYTFCRtO3WHjcGYXW3Yo7AY7LoT6H9D5flUzw7ub5j3z+6HBNXyu8k6tmR16ilE6EPdQ7SPKqEK4NIZrLdaplVsy\/\/9k=\" alt=\"India merchandise trade indices revision\" style=\"width:608px;height:auto\" title=\"India merchandise trade indices revision\"\/><figcaption class=\"wp-element-caption\">India merchandise trade indices revision<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%93%9A_Why_This_News_Matters_for_Government_Exams\"><\/span>\ud83d\udcda <strong>Why This News Matters for Government Exams<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This news holds <strong>high relevance for students preparing for competitive exams<\/strong> such as UPSC Civil Services, State PCS, SSC, Banking (IBPS, SBI), Railway, and Defence services because it connects directly to the <strong>Indian economy and policy environment<\/strong> \u2014 a core syllabus area.<\/p>\n\n\n\n<p>First, understanding <strong>base years and indices<\/strong> is important for questions on economic indicators and how official statistics are compiled. Students are often tested on why and how base years are revised, what trade indices represent, and how they influence macroeconomic analysis.<\/p>\n\n\n\n<p>Second, as India\u2019s trade performance becomes integral to discussions on <strong>GDP growth, exports, and global integration<\/strong>, this policy decision reflects India\u2019s effort to <strong>modernise its statistical framework<\/strong> in step with global standards.<\/p>\n\n\n\n<p>Finally, such revisions reflect broader <strong>economic reforms<\/strong>, a frequent feature in general studies, current affairs sections, and analytical writing papers. Students must connect changes in statistical measures with larger economic trends, policy implications, and data interpretation \u2014 essential for higher-order questions in exams.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%95%B0%EF%B8%8F_Historical_Context_Understanding_Base_Year_Revisions_in_India\"><\/span>\ud83d\udd70\ufe0f <strong>Historical Context: Understanding Base Year Revisions in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Revising base years for economic indices is a <strong>standard statistical practice<\/strong> globally. A base year serves as the benchmark against which future changes in economic data are measured. If the base year becomes outdated due to changing economic structures, consumption patterns, or trade compositions, the resulting indices may provide <strong>misleading interpretations<\/strong>.<\/p>\n\n\n\n<p>In India, major indices have undergone base year revisions periodically:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>GDP base year<\/strong> was shifted from 2011\u201312 to <strong>2022\u201323<\/strong> in 2026 to better capture current economic realities.<\/li>\n\n\n\n<li><strong>Consumer Price Index (CPI)<\/strong> base was updated to <strong>2024<\/strong> to align inflation measurement with present consumption patterns.<\/li>\n\n\n\n<li><strong>Index of Industrial Production (IIP)<\/strong> also received a revised base year to reflect changes in industrial output dynamics.<\/li>\n<\/ul>\n\n\n\n<p>The Merchandise Trade Indices revision is part of this larger statistical reform movement, aiming to ensure that <strong>India\u2019s macroeconomic data<\/strong> remain <strong>accurate, relevant, and internationally comparable<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%93%8C_Key_Takeaways_from_India_Revises_Base_Year_of_Merchandise_Trade_Indices_to_2022-23\"><\/span>\ud83d\udccc <strong>Key Takeaways from India Revises Base Year of Merchandise Trade Indices to 2022-23<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>S. No.<\/strong><\/th><th><strong>Key Takeaway<\/strong><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>The base year of India\u2019s Merchandise Trade Indices was revised from 2012\u201313 to <strong>2022\u201323<\/strong> by DGCI&amp;S.<\/td><\/tr><tr><td>2<\/td><td>This revision improves the <strong>relevance and analytical use<\/strong> of trade data for policymakers and researchers.<\/td><\/tr><tr><td>3<\/td><td>The revised index includes updated commodity weights, classifications (PC, SITC, BEC), and bilateral trade series.<\/td><\/tr><tr><td>4<\/td><td>Terms of Trade (Gross, Net, Income) are now more accurately captured in the updated structure.<\/td><\/tr><tr><td>5<\/td><td>This change aligns with broader statistical reforms, including updates to GDP, CPI, and IIP base years.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">India merchandise trade indices revision<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_Frequently_Asked_Questions_for_Competitive_Exams\"><\/span>FAQs: Frequently Asked Questions for Competitive Exams<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Which_organisation_revised_the_base_year_of_Merchandise_Trade_Indices\"><\/span>1) Which organisation revised the base year of Merchandise Trade Indices?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The revision was carried out by the Directorate General of Commercial Intelligence and Statistics (DGCI&amp;S) under the Ministry of Commerce and Industry.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_is_the_new_base_year_for_Indias_Merchandise_Trade_Indices\"><\/span>2) What is the new base year for India\u2019s Merchandise Trade Indices?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The new base year is <strong>2022\u201323<\/strong>, replacing the earlier base year of <strong>2012\u201313<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_are_Merchandise_Trade_Indices\"><\/span>3) What are Merchandise Trade Indices?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>They are statistical indicators that measure <strong>changes in the price and volume of exports and imports<\/strong> over time. They help assess trade performance and international competitiveness.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Why_is_revising_the_base_year_important\"><\/span>4) Why is revising the base year important?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A base year is revised to reflect current economic realities, trade composition, technological changes, and new trading partners. Without revision, data may become outdated and misleading.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_is_meant_by_%E2%80%9CTerms_of_Trade%E2%80%9D\"><\/span>5) What is meant by \u201cTerms of Trade\u201d?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Terms of Trade (ToT) refers to the ratio of export prices to import prices. It indicates whether a country is gaining or losing from trade. The revised indices improve measurement of Gross, Net, and Income ToT.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_How_often_are_base_years_revised_in_India\"><\/span>6) How often are base years revised in India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There is no fixed interval, but generally revisions take place every 8\u201310 years to maintain statistical relevance. Similar revisions have been done for GDP, CPI, and IIP.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Which_classifications_are_used_in_the_revised_trade_indices\"><\/span>7) Which classifications are used in the revised trade indices?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The indices use Principal Commodity (PC), Standard International Trade Classification (SITC), and Broad Economic Categories (BEC).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Why_is_this_topic_important_for_UPSC_and_State_PCS_exams\"><\/span>8) Why is this topic important for UPSC and State PCS exams?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is relevant under <strong>Indian Economy<\/strong>, especially topics related to economic indicators, external sector, trade policy, and statistical reforms.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_How_does_this_revision_help_policymakers\"><\/span>9) How does this revision help policymakers?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It provides more accurate and updated data, enabling better trade policy decisions and economic planning.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10_Is_this_related_to_Indias_broader_statistical_reforms\"><\/span>10) Is this related to India\u2019s broader statistical reforms?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes. The revision aligns with broader updates in GDP, CPI, and IIP base years, ensuring consistency in macroeconomic indicators.<\/p>\n\n\n\n<p><br><br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>India Merchandise Trade Indices Revision 2022-23 explained in detail for UPSC, PCS, Banking and SSC exams. Understand base year changes, DGCI&amp;S role, terms of trade, and key exam takeaways in simple language. India Revises Base Year of Merchandise Trade Indices to 2022-23 The Government of India has recently revised the base year of the country\u2019s&#8230;<\/p>\n","protected":false},"author":6,"featured_media":47099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,144],"tags":[34501,34502,34504,19105,267,29333,34503,26068,26072],"class_list":["post-47071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-economy_finance","tag-base-year-revision","tag-dgcis","tag-external-sector","tag-government-exams-current-affairs","tag-indian-economy","tag-merchandise-trade","tag-terms-of-trade","tag-trade-policy","tag-upsc-economy-notes"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/47071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=47071"}],"version-history":[{"count":2,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/47071\/revisions"}],"predecessor-version":[{"id":47100,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/47071\/revisions\/47100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/47099"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=47071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=47071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=47071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}